ITC Limited, the most trusted company in Indian Household. ITC an Indian conglomerate has presence in almost 13 business from Salt to Hotels,FMCG to Agri products.
BAT (BRITISH AMERICAN TOBACOO) Plans to sell around 3.5% Stake in ITC Limited at a discount of 5% to the Closing Price.BAT has Launched a Block Deal to sell as much as 16,000 to 17,000/- crores value.
Major Stake Holders of ITC Limited:
As per DEC 2023, Share Holding pattern, BAT Owns approx. 29% stake followed by LIC which owns about 15.2% stake in ITC Limited.
ITC Limited does not have any promoter, major stake is held with FII’S and DII’S. Despite, the selling pressure, ITC is robust in its fundamentals and strong presence in respective sectors. There might be a temporary selling pressure due to excessive supply of shares, but from a long-term perspective, ITC Limited will never disappoint its investors.
ITC Limited has given 100% returns in last 2 years and fallen 20% from its 52weeks high.
ITC Limited has also announced the demerger of its Hotel Business.
CONCLUSION:
Long term Investor never worry about short term movement, they hold the Companies for wealth creation not for Money making. ITC Ltd is a long-term wealth creator rather than short term trades.